Well, if you bought a car the day after closing it would appear you Applied for the loan at least before closing of the loan which would violate documents you sign at closing, with the lender, saying you are not applying for additional debt. 

I have about $14000 additional  cash to begin the rehab but that wont get me far as the furnace/air/duct work alone will cost $11000. 

Additionally when the markets do turn you will lose all your equity and be back to earning 1-200 per door per month. 

My lender also ask for additional comps to be added and to have it reviewed again.

I'd second the 'meet with a commercial lender' and 'driving for dollars, knocking on doors and direct marketing comments'.A couple additional thoughts.First, even though I appreciate the ambition , there is also nothing wrong with going slow.

I have bought from a family trust before and in addition they sold the other 4 to me!

This will come at additional cost from what I was originally quoted.

Additionally we are likely on the brink of a market shift and selling would likely be prudent just in case.As for retiring in 6 years unless you have a sizable employment pension and significant investments (1M minimum) I would not count on it.

https://www.bizjournals.com/louisville/news/2018/0...My clients have ten flips going on in a four block radius. They are holding one and flipping two. In doing so they are increasing the values of their rentals. 

Nothing against them, I’ve gotten some decent properties from them, but as a buyer I’m looking for more of the Lone Ranger wholesalers because there’s more flexibility on the price and not additional fees on top.